Mrs. Yamileth C. is 31 years old, married with two children of 5 and 13 years. She is devoted to the production and sale of bread, in wholesale and retail. She has been working in this activity for 3 years already, which she decided to do because of the lack of jobs for her family and because her mother had an oven. She is requesting this loan with the goal of investing in the purchase of raw material, used to produce bread. Another member of the group is Sicry Sandy, who is 27 years old, married and lives with her husband that works as a construction worker. She also has two children, 5 and 8 years old respectively. Sicry is dedicated to making and selling simple bread, in wholesale and retail. She started in this business 3 years ago, a hard time for her because her husband couldn't find a job then, so they decided to devote their time in this business. She learned the trade from her mother, who did this activity all her life. She is requesting this loan to purchase raw material for the production of bread, to try to sell more.
La señora Yamileth C. tiene 31 años, es casada y tiene 2 hijos de 5 y 13 años respectivamente. La señora se dedica a la producción y comercialización de pan, al por mayor y al detalle. Ella ya tiene 3 años de dedicarse a esta actividad, la cual nació debido a la falta de empleo que aquejaba a la familia y ya que su mama tenía el horno, ella decidió emprender en esta actividad. Ella solicita este préstamo con el objetivo de invertirlo en la compra de más materia prima, a ser invertido en la producción de pan. Otra integrante del grupo es Sicry Sandy, la cual tiene 27 años de edad, es casada y habita con su esposo trabaja como albañil. Ella además tiene 2 hijos de 5 y 8 años respectivamente. Sicry se dedica a la elaboración y venta de pan simple, al por mayor y al detalle. Ella empezó con este negocio desde hace 3 años, que fue una época dura ya que su esposo en ese tiempo no encontraba trabajo por lo que decidieron dedicarse en ese tiempo al negocio. El negocio ella lo aprendió de su mama, la cual toda la vida se dedico a esa actividad. Ella solicita el crédito con el propósito de comprar insumos para la elaboración de pan, buscando como vender más.
Fundación Leon 2000
This loan is administered by Fundación Leon 2000. Fundación Leon 2000 began operations in 1993 as the first microfinance institution to serve the western part of Nicaragua, a country which continues to be one of the poorest in the western hemisphere. Fundación Leon 2000 works to further the development of micro, small, and medium enterprises through credit services and management, applying the best credit industry practices and technical expertise. Additionally, Fundación Leon manages several business and financial education programs in the community, specifically for young entrepreneurs and at-risk youth. Fundación Leon 2000’s group of experienced and dedicated employees works in 7 offices in Leon, Chinandega, Chichigalpa, Somotillo, Jinotepe, El Sauce, and Nagarote and serves several thousand clients (the majority of whom are women).
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.